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Does sally have enough in the account to pay for landscaping

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Reference no: EM132741823

Problem 1: A landscaping firm has quoted a price of $10,500 to fix up Sally's back yard. Five years she put $7,500 into a home improvement account that has earned an average of of 6% per year (annual compounding. Does Sally have enough in this account to pay for the landscaping?

a. No
b. Yes
c. There is not enough information given to solve this problem
d. There is too much information given to solve this problem
e. Maybe

Reference no: EM132741823

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